Bumble’s 31-year-old CEO becomes a rare female billionaire

New York: A company catering to women and led by women has made its 31-year-old female founder a billionaire. Shares of Bumble Inc., the owner of the dating app where women make the first move, soared 67 per cent in its trading debut to $72 (Dh264) at 1.03pm in New York, valuing CEO Whitney Wolfe […]

Saudi Arabia grants licences for 115 new factories worth SR1.63 billion

Dubai: Saudi Arabia’s Ministry of Industry and Mineral Resources has announced it licensed 115 new factories worth SR1.63 billion in January 2021, local media reported. The total number of factories that began actual production reached 66. Existing and under-construction factories totaled 9,783 across the Kingdom by the end of January, compared to 9,681 last December. […]

ByteDance in talks to sell its Indian TikTok assets

New Delhi:  ByteDance Ltd. is said to be exploring a sale of the India operations of TikTok to rival unicorn Glance, in an attempt to resuscitate the once-thriving short video sharing app that’s been banned indefinitely in the South Asian nation. The discussions have been initiated by Japan’s SoftBank Group Corp. conglomerate, according to people […]